Tag: stock market analysis

Market Condition Analysis Commentary I am not sure why the market decided to rally today after Fed Chair Yellen gave a speech which gave no indication of an interest rate hike at its next meeting. You see, despite last Friday’s horrific employment report, I seriously doubt the FOMC would have taken any action even […]

Market Condition Analysis Commentary No comments this evening…. Tomorrow will be an important day for both investors and traders as the eagerly awaited Non-Farm Payrolls report for May-2016 will be released and shed some clues on the data dependent Federal Reserve’s bias towards raising interest rates. (See list of market moving events and asset […]

Sometimes the best surprise is no surprise at all, but the Bank of Japan thought otherwise. It pitched the market a curve ball last night when it decided not to increase its QE stimulus program and leave rates unchanged. Instead, it decided give the negative interest rate policy it implemented in January more time […]

Commentary Today, the SP-500 retreated below its 50 day moving average. Some media pundits downplayed the market’s negative performance by citing the relatively even breadth on the NYSE, i.e. 48% advancers vs. 49% decliners. However, the SP-500 told a completely different story with 26% advancers and 73% decliners. Considering that the majority of volume dollars […]

Commentary WTI Crude Oil reversed its price direction to close in positive territory. That’s the good news. The bad news is that its trend remains bearish and it will need to close above it 50-day moving average to garner any respect from energy commodity bears.

Commentary Saudi Arabia’s oil minister announced that it will not be cutting oil production and by doing so withdrew support from commodity energy prices. As the stock market has been shadowing oil’s every move, today’s selling of equities was no surprise. Besides, the recent stock market rally had encroached upon overbought territory rather quickly while […]

Commentary Investor concerns over the global economy, energy sector credit defaults amidst plummeting oil prices, and uncertainty of the Federal Reserve’s monetary policy bias continue to weigh on equities. Wednesday’s two failed intraday rallies reconfirmed that the bears are in control. Do not be deceived by the SP-500’s (SPY) relatively unchanged index price or its positive […]

Commentary This evening’s comments will be brief. Not much has changed in terms of short-term bullish rallies within a bear market. A key level of support @ 1870 was violated and therefore I am still anticipating another test of the low @ 1812. From a longer-term or monthly perspective, potential support tests are @ 1785 and 1570. […]

Commentary As the US Dollar Index made a new 3-month low, stocks traded in narrow ranges relative to previously volatile sessions and changed very little percentage wise. Exceptions to this were the DJ-20 Transports, DJ-30 Industrials and the Russell-2000. Basic Materials and Industrials were the top two leading sectors while Consumer Staples, Consumer Discretionary and […]

Commentary For a moment it looked like equities were beginning to decouple from the movements in crude oil, but the energy commodity still holds plenty of sway with investors. There is no new news regarding crude oil. Everyone who is anyone knows of the oversupply story except for some of the major producers like OPEC, […]